Circle Incentivizes USDC Distribution Channels Through Partnerships With Over 150 Companies

Circle, a leading player in the stablecoin market, has revealed its strategy for incentivizing USDC distribution channels. In a recent earnings call, Circle's CEO explained that the company has already established partnerships with over 150 companies to promote USDC growth, product development, and distribution.

The CEO emphasized that Circle's network includes thousands of companies, and the company is willing to work with large enterprises to design cooperative arrangements for expanding USDC usage. For instance, Circle can collaborate with Coinbase to establish a partnership with a major enterprise that can significantly boost USDC adoption.

Circle has also partnered with Hyperliquid, a platform that holds approximately 90% of its USDC on Coinbase and 10% on Circle. However, the exact revenue split between Hyperliquid, Coinbase, and Circle remains unclear.